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AAA Bank is evaluating the addition of a new branch office in DeLand, Fl. New homes...

AAA Bank is evaluating the addition of a new branch office in DeLand, Fl. New homes exhibit a 10% average growth rate per year. This rate is expected to continue in the coming years. Which factor is AAA Bank accounting for when looking at this information?

Traffic count
Number of retail shops
Average age of the local population
Population Density
Population Growth
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Answer #1

Correct choice - average age of the local population

Since AAA Bank is evaluating the addition of a new branch office and new homes exhibit a potential growth rate in the future, the bank is most concerned with the average age of the local population. If the average age is too high, there is less potential for the bank to roll out more home loans to the elderly population. However, lower the average age of local population, higher is the potential for growth.

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